Gelonghui, April 18 | Ping An Securities Research Report indicates that the Ningde Era (300750.SZ) achieved net profit of 10.510 billion yuan in the first quarter, +7.00% compared with the same period last year. Q1 shipments were nearly 95 GWh, and it has maintained a leading position in the world. The company's gross sales margin increased to 26.42%, up 5.15 pcts year on year, mainly due to the fact that the company's absolute profit per Wh remained stable, while the unit price of the product declined. During the reporting period, the company began large-scale mass production and delivery of Shenxing Battery, and launched the Xiaomi SU7 for the first time in the world. In addition, the company recently released the world's first 5-year zero-attenuation, 6.25 MWh high-energy, multi-dimensional and truly safe “Tianheng” energy storage system, which achieves an increase in energy density within a standard 20-foot container. Affected by the intensive release of new power and energy storage technology and new products, the company raised its 24-26 profit forecast and maintained a “highly recommended” rating.